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Jan 6, 2014
01/14
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immense growing political pressure on the fed. even more so than you have seen in the last year, year and a half. republicans are about to start a on theestigation process 100th year anniversary. how many voted against janet yellen will be an important gauge to look at going forward. she has an enormous amount on her plate going forward. clearly as ben bernanke has alluded to his last couple times in public, dealing with congress is pretty high up there. >> thank you. world of e-he commerce, india is the world's fifth-largest marketplace. snapop online retailer, deal. 20,000 members. the future is bright. what does that mean for an ipo? snapdeal's by founder. you just came in from india. how did you start this company? >> the company was started in [inaudible] we wanted to do something together. was challenging to find stuff and we realized an e-commerce site would solve the problem. >> is there a challenge in india because you have so many mom- and-pop, small retail merchants? >> india has $600 billion retail market. on the seven
immense growing political pressure on the fed. even more so than you have seen in the last year, year and a half. republicans are about to start a on theestigation process 100th year anniversary. how many voted against janet yellen will be an important gauge to look at going forward. she has an enormous amount on her plate going forward. clearly as ben bernanke has alluded to his last couple times in public, dealing with congress is pretty high up there. >> thank you. world of e-he...
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for justice to those who are fed and hung full of justice to those who. sued. we'll do. regular soup kitchen serves about one fifty or so hard to go through kitchens have been serving him out of hunger if they are imaginable serve a couple hundred maybe more depends as long as they keep coming we'll keep for serving god food for kazin had order. good. to put the word good after a while you know everybody has a pot. you know what i mean somebody in the bottom. is like a close up on something to go to the bottom. knowing when when you see you know i know that lady in the siesta not proud to have some people don't have that will to come back to come back all this way to get me there be. just to make up your mind see i'm coming back yeah i'm going to this is a meant to take them and when you push you take that first step mentally they death we come from baby. mentally once you take this to percept mentally everything you've got is just you've got to be around people who feel that way you've got to be change willing to go to bed with discipline could just that's what it takes
for justice to those who are fed and hung full of justice to those who. sued. we'll do. regular soup kitchen serves about one fifty or so hard to go through kitchens have been serving him out of hunger if they are imaginable serve a couple hundred maybe more depends as long as they keep coming we'll keep for serving god food for kazin had order. good. to put the word good after a while you know everybody has a pot. you know what i mean somebody in the bottom. is like a close up on something to...
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Jan 10, 2014
01/14
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ALJAZAM
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the fed has started to pull back just by $10 billion a month. the signs are if the economy chugs along they will pull back more. what is the -- consequence? >> well, interest rates are going to rise. they already are. so they are rising. what the fed is doing is trying to manage the increase in long-term interest rates consistent with improve in the job market. this is a tricky balance for them. that's part of the tapering process that you mentioned. this is the biggest threat to any optimism about the economy near term, but i do think the fed has all of the tools they need to get this done in a graceful way, so i think they will pull it off. >> thank you for being with us. >> thank you, ali. >>> the white house is targeting pockets of poverty in america. coming up we go into a community just picked as one of president obama's promise zones. >>> and later a little home cooking with a sausage entrepreneur who sees the whole world as his meat market. in that story and more as "real money" continues. keep it here. >>> this week marks the 50th anniv
the fed has started to pull back just by $10 billion a month. the signs are if the economy chugs along they will pull back more. what is the -- consequence? >> well, interest rates are going to rise. they already are. so they are rising. what the fed is doing is trying to manage the increase in long-term interest rates consistent with improve in the job market. this is a tricky balance for them. that's part of the tapering process that you mentioned. this is the biggest threat to any...
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fed began a program of quantitative easing now here we are whereby a central bank buys private sector assets with newly printed reserve money is said to have helped overcome the financial crisis now the question is at what cost was this overcome our next guest writer and blogger gonzalo lira believes that the cost of ultra easy monetary policy is quite high and could be the demise of the us dollar and two thousand and ten he laid out a hyperinflation scenario for the us that was one of the most talked about post on the blog zero hedge i asked him whether this was a base case or outlier scenario. i think it's the devil and the dollar the federal reserve has been problem getting it so. she's watched and served but is zero interest rate policy now the problem is that they're going to engineer with your interest rates up until two thousand and fifteen late two thousand and fifteen at the same time quantitative easing is continuing. now all this talk of tapering doesn't mean that to me has ended basically as a something cut back on the amount of bombs that they're buying but what huey mean
fed began a program of quantitative easing now here we are whereby a central bank buys private sector assets with newly printed reserve money is said to have helped overcome the financial crisis now the question is at what cost was this overcome our next guest writer and blogger gonzalo lira believes that the cost of ultra easy monetary policy is quite high and could be the demise of the us dollar and two thousand and ten he laid out a hyperinflation scenario for the us that was one of the most...
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Jan 3, 2014
01/14
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ALJAZAM
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the feds have -- you know, two -- two ammunitions right now. one is the fed buying program that they are doing, and the second is keeping interest rates down. and what ben bernanke announced is that we maybe start tapering back our bond program, but we're going to steadily focus on a low interest rate environment maybe as much as until 2016, so i think that will be a challenge for cd's to be an attractive investment. >> so as folks hear this news and think mortgage rates are going to go up, car loan rates are going to go up, credit card rates may go up, what is the best piece of advise? >> yeah, you need to be very proactive. we have a solid investment marketplace on the equity side. a lot of big companies paying excellent dividends. there is no one investment asset class that you can stay in for ten, 20 years. so currently, the fixed income market, the bond market is not attractive, the equity market is. you can earn dividends, as you mentioned the s&p and dow jones had a very good year in 2013. right now there doesn't seem to be a lot of head
the feds have -- you know, two -- two ammunitions right now. one is the fed buying program that they are doing, and the second is keeping interest rates down. and what ben bernanke announced is that we maybe start tapering back our bond program, but we're going to steadily focus on a low interest rate environment maybe as much as until 2016, so i think that will be a challenge for cd's to be an attractive investment. >> so as folks hear this news and think mortgage rates are going to go...
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fed began a program of quantitative easing now here we are whereby a central bank buys private sector assets with newly printed reserve money is said to have helped overcome the financial crisis now the question is at what cost was this overcome our next guest writer and blogger gonzalo lira believes that the cost of ultra easy monetary policy is quite high and could be the demise of the us dollar and two thousand and ten he laid out a hyperinflation scenario for the us that was one of the most talked about post on the blog zero hedge i asked him whether this was a base case or outlier scenario. i think it's the devil and the dollar where the reserve a spending problem getting its. quantitative easing and certain that is your interest rate policy now the problem is that they're going to inject you with zero interest rates up until two thousand and fifteen late two thousand and fifteen at the same time quantitative easing is continuous. now all this talk of tapering doesn't mean that she has ended basically it's a something cut back on the amount of bombs that they're buying but what h
fed began a program of quantitative easing now here we are whereby a central bank buys private sector assets with newly printed reserve money is said to have helped overcome the financial crisis now the question is at what cost was this overcome our next guest writer and blogger gonzalo lira believes that the cost of ultra easy monetary policy is quite high and could be the demise of the us dollar and two thousand and ten he laid out a hyperinflation scenario for the us that was one of the most...
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Jan 21, 2014
01/14
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BLOOMBERG
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markets this year will be reacting to the fed tapering. so far we have seen a pre- positive reaction. in december we saw the first instance of the fed tapering and stocks actually rose that day. we will be seeing a lot more of -- stocks reacting to fed policy, probably pretty positively. expecting that tapering to play out to the market. >> which other managers agree, disagree, what kinds of different opinions are you hearing? >> to be on the shore side of the equation, we have john -- he said there will probably be a drop in the markets he four we see an eventual rise. craig efron has also said there will probably be a. time were a period of stocks won't do well. ben stocks to rise he will betting on a lot of innovation plays, technology plays, a lot of internet companies. on the more positive side, people like jeffrey altman has said a significant amount last year with significant gains. he is betting on telecom, which helped drive him last year. >> thank you as always. kelly bit covers hedge funds here for us at bloomberg news. we are j
markets this year will be reacting to the fed tapering. so far we have seen a pre- positive reaction. in december we saw the first instance of the fed tapering and stocks actually rose that day. we will be seeing a lot more of -- stocks reacting to fed policy, probably pretty positively. expecting that tapering to play out to the market. >> which other managers agree, disagree, what kinds of different opinions are you hearing? >> to be on the shore side of the equation, we have john...
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Jan 11, 2014
01/14
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BLOOMBERG
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what does this actually mean for the fed? >> first, they told us the unemployment rate, 6.7%, does not capture the extent of labor market issues. second, they reminded us to look also at the price data. look at the inflation data, which is still too low. do not assess about unemployment numbers, third. they reminded us that there are other issues that are financial soundness. put all this together, this number does not change the expectation that they will continue to taper and exit qe by the end of 2014. it does suggest you will not see a wage hike until 2016. >> the white house is ready with an announcement. >> the president will nominate stanley fischer, former governor of the bank of israel, as well as lael brainard, to the federal reserve board. also, re-nominating jerome powell to continue serving on the board of governors of the federal reserve. >> people were expecting these, but now chairman to the yellen has have people in place. good luck. the scandal that could ruin chris christie or help. we will hear both sides
what does this actually mean for the fed? >> first, they told us the unemployment rate, 6.7%, does not capture the extent of labor market issues. second, they reminded us to look also at the price data. look at the inflation data, which is still too low. do not assess about unemployment numbers, third. they reminded us that there are other issues that are financial soundness. put all this together, this number does not change the expectation that they will continue to taper and exit qe by...
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Jan 4, 2014
01/14
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one is that underlying all this is a fed that continues to use unconventional measures to support the economy and it's changing the way it will be doing business. so the uncertainty associated with the effectiveness of the fed as it pivots from one instrument to another. the second element is businesses. they have the wallet to spend, but not the will to spend. it is really important that businesses deploy their cash into high investment in plant, equipment and people. that is a real uncertainty. business is risk adverse. finally, there is an issue of income and wealth inequality. at some point, this income and wealth inequality is more than a social and political issue. it is an economic drag. i think we are getting close to that point. >> that is a topic for economists and politicians. you have the economy recovering, but people don't feel it. greg, there is a mid term election this year. 35 seats are up for grabs. all of the seats up for grabs in the senate. most americans say it is in poor shape. >> happy new year. i think, christine, the republicans will have a fairly good electi
one is that underlying all this is a fed that continues to use unconventional measures to support the economy and it's changing the way it will be doing business. so the uncertainty associated with the effectiveness of the fed as it pivots from one instrument to another. the second element is businesses. they have the wallet to spend, but not the will to spend. it is really important that businesses deploy their cash into high investment in plant, equipment and people. that is a real...
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Jan 2, 2014
01/14
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ALJAZAM
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governor is they have a relationship, and even better news is they also have a relationship with the feds. they both have a background in working in d.c. two good news is they have the relationship and they need to talk dollars and policies and need to figure out how do we use this money to create a us howing subsidy for. >> a housing subsidy? >> a housing subsidy. >> that specific. >> for the 51,000 homeless people in new york city. >> is that in place now? so you are talking about something new that's not in place now? >> it is not in place now. previously the city had housing subsidies. two last one we had ended in march 2011. the -- and in order to make a housing subsidy work, we need the players to work as a team, and the good news is they have that relationship, you saw it yesterday at the inauguration, you look at their history of working together, that's the first place to start, is to have that relationship and the commitment. >> is the money there to do this? i don't know how much money is in the budgets of the various players. in your work is the money there? >> i think we can'
governor is they have a relationship, and even better news is they also have a relationship with the feds. they both have a background in working in d.c. two good news is they have the relationship and they need to talk dollars and policies and need to figure out how do we use this money to create a us howing subsidy for. >> a housing subsidy? >> a housing subsidy. >> that specific. >> for the 51,000 homeless people in new york city. >> is that in place now? so you...
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gerri: the feds finally heard the students complaining across the country. the usda is implementing its free lunch guideline. here's what some of your posting on my facebook page. the government should just get out of everything. is what one viewer says. and dana agrees. the government is way too involved in choosing and buying the food for children. 95% said yes and 5% said no. here are some of your e-mails. we love to read these. the great state of north carolina. one viewer writes that as far as the demonstration is putting out on obamacare, i believe that like i believe i can fly backwards. i don't believe one thing that they say. and rogers says no, i don't believe the government. it was rammed down our throats in the website has been a disgrace from day one. never have i seen such a wasting taxpayer dollars. and finally i am happy to tell you that temperatures have tripled. about 22 degrees. that won't help you later this month when you get your heating bill. the damage has already been done. and even if you think you are sitting pretty, as you said at
gerri: the feds finally heard the students complaining across the country. the usda is implementing its free lunch guideline. here's what some of your posting on my facebook page. the government should just get out of everything. is what one viewer says. and dana agrees. the government is way too involved in choosing and buying the food for children. 95% said yes and 5% said no. here are some of your e-mails. we love to read these. the great state of north carolina. one viewer writes that as...
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Jan 25, 2014
01/14
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CNNW
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chicken, pork, beef, fish bowls keep getting fed into the pot. usually alongside much beer and rice. adding that much needed bulk up factor so important for sumo wrestlers and cable tv hosts. so, appealing to the human desires of a manga-buying au dirtier, mor you created an entire spectrum of pornography that didn't exist before. i mean, if you go to youtube now, there's tentacle manga. there is tentacle and demon manga. there is tentacle and demon anime. a lot. that looks good. for dinner, there's fresh bonito seared quickly over flame, arranged in bite-sized pieces, garnished with fresh greens, sprouts and ponzu. toshio comes here commonly for the favorite of sumo wrestlers as part of a weight gain diet. basically it's a hot pot of meat and vegetables. chicken, pork, beef, fish bowls keep getting fed into the pot. usually alongside much beer and rice. adding that much needed bulk up factor so important for sumo wrestlers and cable tv hosts. so, appealing to the human desires of a manga-buying audience, men want filthier, dirtier, more violent?
chicken, pork, beef, fish bowls keep getting fed into the pot. usually alongside much beer and rice. adding that much needed bulk up factor so important for sumo wrestlers and cable tv hosts. so, appealing to the human desires of a manga-buying au dirtier, mor you created an entire spectrum of pornography that didn't exist before. i mean, if you go to youtube now, there's tentacle manga. there is tentacle and demon manga. there is tentacle and demon anime. a lot. that looks good. for dinner,...
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Jan 25, 2014
01/14
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CNNW
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chicken, pork, beef, fish bowls keep getting fed into the pot. usually alongside much beer and rice. adding that much needed bulk up factor so important for sumo wrestlers and cable tv hosts. so, appealing to the human desires of a manga-buying audience, men want filthier, dirtier, more violent? >> in japan, you can't be rude in public. >> right. >> but you need to just, you know, i can say that letting off steam. so for me, the manga is one way to do that. >> what do women want? generally speaking, what do women want in manga? >> yaui. boys. you know? because they don't have enough experience to do that with real men. >> but nobody's going to the fish market and asking for live octopus. probably not. >> probably not. >>> the pop music scene in tokyo is not that different than ours. with an accent, though, on pretty boy bands, pop idols, tween stars. generic, industry-created crap, for the most part. like i said, not so different than us. picture an army of miley cyruses. or would that be miley cyri? going against the grain are a few lone heroes,
chicken, pork, beef, fish bowls keep getting fed into the pot. usually alongside much beer and rice. adding that much needed bulk up factor so important for sumo wrestlers and cable tv hosts. so, appealing to the human desires of a manga-buying audience, men want filthier, dirtier, more violent? >> in japan, you can't be rude in public. >> right. >> but you need to just, you know, i can say that letting off steam. so for me, the manga is one way to do that. >> what do...
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Jan 7, 2014
01/14
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BLOOMBERG
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janet yellen one step away from becoming the next fed chairman. she would be the first woman to lead the central bank. we discuss what it's going to mean for the global economy. india's largest e-commerce retailer is progressing to be the next amazon.com. and yes, it's monday, so my producers will once again try to stump me with tonight's er
janet yellen one step away from becoming the next fed chairman. she would be the first woman to lead the central bank. we discuss what it's going to mean for the global economy. india's largest e-commerce retailer is progressing to be the next amazon.com. and yes, it's monday, so my producers will once again try to stump me with tonight's er
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Jan 29, 2014
01/14
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BLOOMBERG
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to the fed. it is not the same as 1998 where everything is strictly correlated. the fed will look past it because they cannot solve the individual problems and they on -- it the decision has been better and has been direction. better fourth-quarter growth, which we thought would be 1.5%, it is now forecast to come in at four well, i would agree that they will do a moderate strategy and not make any radical changes. i think there is a structural problems. a lot of risk diverse savings. i think the fed policy makes that more volatile. it could flow around the world, move out of the united states in and -- and into developing nations and things like that. i do not think you can blame the fed for the fact that the world has the risk-averse savings. click so far you think the fed has been ineffective in the monetary policy? >> without a doubt. at this point you are pushing on a string. money sitting in the bank on council and has had very little effect in the economy. the problem is when the economy r
to the fed. it is not the same as 1998 where everything is strictly correlated. the fed will look past it because they cannot solve the individual problems and they on -- it the decision has been better and has been direction. better fourth-quarter growth, which we thought would be 1.5%, it is now forecast to come in at four well, i would agree that they will do a moderate strategy and not make any radical changes. i think there is a structural problems. a lot of risk diverse savings. i think...
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Jan 27, 2014
01/14
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CNNW
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secured the data that directed the turbines that powered the sprinklers that watered the grass and that fed the cow that made the milk that went to the store that reminded the man to buy the milk that was poured by the girl who loved the cat that drank the milk. [ meows ] the internet of everything is changing everything. cisco. tomorrow starts here. open to innovation. open to ambition. open to bold ideas. that's why new york has a new plan -- dozens of tax free zones all across the state. move here, expand here, or start a new business here and pay no taxes for ten years... we're new york. if there's something that creates more jobs, and grows more businesses... we're open to it. start a tax-free business at startup-ny.com. we're open to it. at uwe know you can't afford wrong turns on the road to your future. that's why we build tools like our career guidance system. it's kind of like gps, you know, for your career. it walks you through different degree possibilities and even lets you explore local job market conditions, helping you map a clear course from the job you want, back to you. g
secured the data that directed the turbines that powered the sprinklers that watered the grass and that fed the cow that made the milk that went to the store that reminded the man to buy the milk that was poured by the girl who loved the cat that drank the milk. [ meows ] the internet of everything is changing everything. cisco. tomorrow starts here. open to innovation. open to ambition. open to bold ideas. that's why new york has a new plan -- dozens of tax free zones all across the state....
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Jan 7, 2014
01/14
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the fed is already moving in that direction. it has much more extensive supervision of the major banks and it's requiring them to hold a lot more capital so that they'll be better prepared to weather another financial -- period of financial difficulty, if we have one. >> alice rivlin, ben bernanke was not shy about talking about the government and its inability with the legislature to pass a balanced budget of any kind and also was very clear about many economic efforts that were made on behalf of the public in passing various kinds of legislation. will janet yellen be so vocal? >> oh, i think she'll be as vocal as she needs to be. fed chairs have sort of an awkward position talking about fiscal policy, but ben bernanke's been quite frank. he has said if there were more sensible fiscal policies coming out of the congress, namely less austerity at the moment and more in the future, that the job of the fed would be easier. >> alice rivlin, do you know that she already has relationships with the other heads of central banks around
the fed is already moving in that direction. it has much more extensive supervision of the major banks and it's requiring them to hold a lot more capital so that they'll be better prepared to weather another financial -- period of financial difficulty, if we have one. >> alice rivlin, ben bernanke was not shy about talking about the government and its inability with the legislature to pass a balanced budget of any kind and also was very clear about many economic efforts that were made on...
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Jan 25, 2014
01/14
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CNNW
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chicken, pork, beef, fish bowls keep getting fed into the pot. usually alongside much beer and rice. adding that much needed bulk up factor so important for sumo wrestlers and cable tv hosts. so appealing to the hidden desires of a manga-buying audience, men want filthier, dirtier, more violent? >> in japan, you can't be rude in public. >> right. >> but you need to just, you know, i can say that letting off steam. so for me, the manga is one way to do that. >> what do women want? generally speaking, what do women want in manga? >> yaui. boy's love. you know? because they don't have enough experience to do that with real men. >> but nobody's going to the fish market and asking for live octopus. probably not. >> probably not. no matter how busy your morning you can always do something better for yourself. and better is so easy with benefiber. fiber that's taste-free, grit-free and dissolves completely. so you can feel free to add it to anything. and feel better about doing it. better it with benefiber. take this simple test. press your tongue again
chicken, pork, beef, fish bowls keep getting fed into the pot. usually alongside much beer and rice. adding that much needed bulk up factor so important for sumo wrestlers and cable tv hosts. so appealing to the hidden desires of a manga-buying audience, men want filthier, dirtier, more violent? >> in japan, you can't be rude in public. >> right. >> but you need to just, you know, i can say that letting off steam. so for me, the manga is one way to do that. >> what do...
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Jan 8, 2014
01/14
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KQEH
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he says there's plenty of evidence to justify the fed keeping its stimulus plans in place. >>> an update on a story we reported here last night. jpmorgan chase is taking responsibility and agreeing to pay a settlement of $1.7 billion to victims of bernie may madoff's massive ponzi scheme, turning a blind eye to what the justice september were obvious signing of money laundering. the bank will pay another $350 million to federal banking officials to settle civil charges. u.s. attorney preet parara of new york city the lead prosecutor in the case says the banks failed and failed miserably in his words to head off wall street's biggest ever swind el, even as it the bank exited madoff-related position that is put its own capital at risk. >>> jpmorgan never filed a single suspicious activity report in the united states, and never raised a concern to the bank's anti-money laundering department in the u.s. in other words, the bank connected the dots when it mattered to its own profit, but was not so diligent when it came to its legal obligations. >> no individuals at the bank were charged with
he says there's plenty of evidence to justify the fed keeping its stimulus plans in place. >>> an update on a story we reported here last night. jpmorgan chase is taking responsibility and agreeing to pay a settlement of $1.7 billion to victims of bernie may madoff's massive ponzi scheme, turning a blind eye to what the justice september were obvious signing of money laundering. the bank will pay another $350 million to federal banking officials to settle civil charges. u.s. attorney...
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Jan 26, 2014
01/14
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ALJAZAM
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>> i worked to save that money and now i get nothing. >> inside the fed. on al jazeera america. >> before the break special correspondent soledad o'brien told us about boundary hopping, families that sneak their kids into the good schools. in the second half of soledad o'brien's indepth report we meet parents facing serious penalties for doing it. >> kelly williams bonar is a 43-year-old mother and teachers aid. she went to gaol in 2011 for illegally enrolling her children in the wrong school district. >> i had issues with my neighbourhood, an unsafe neighbourhood. i had a prowler around the home, someone that broke into my home. i talked to my father. he said send them to our school, my school. you are here every day, all the time anyway. >> was it done to sort of sneak it in? did you know you were putting an address you don't? >> i've been working for the school system. i knew about a lot of students that did the same thing. >> find on address, put it down. >> it wasn't so much that i found it, this was my dad's address. we live off the same road. he liv
>> i worked to save that money and now i get nothing. >> inside the fed. on al jazeera america. >> before the break special correspondent soledad o'brien told us about boundary hopping, families that sneak their kids into the good schools. in the second half of soledad o'brien's indepth report we meet parents facing serious penalties for doing it. >> kelly williams bonar is a 43-year-old mother and teachers aid. she went to gaol in 2011 for illegally enrolling her...
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to be irreplaceable and systemic for the world's economic help this puts warren buffett now in the fed's crosshairs well say all about it and in today's big deal ed harris and i discussed the goings on at davos this week and we asked all the pope and asking does the financial glamour fest even really not a lot of fun about it all coming up and it all starts right now. first up you're wrong president hassan rouhani takes center stage at davos is the world economic forum on thursday he's attempting to stir up investment for his country's economy as iran attempts to come back from the diplomatic oblivion if you will now rouhani views jobs as an important opportunity for iran he says quote both for economic reasons as well as explaining our political now the focus of the summit shifts to the middle east on thursday with israeli prime minister benjamin netanyahu scheduled to address delegates just hours after rouhani is address now a meeting between the pair has been played down by officials but stranger things have happened in the border wars of da this. where world leaders mingle freely wit
to be irreplaceable and systemic for the world's economic help this puts warren buffett now in the fed's crosshairs well say all about it and in today's big deal ed harris and i discussed the goings on at davos this week and we asked all the pope and asking does the financial glamour fest even really not a lot of fun about it all coming up and it all starts right now. first up you're wrong president hassan rouhani takes center stage at davos is the world economic forum on thursday he's...
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Jan 4, 2014
01/14
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ALJAZAM
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but with the recession they were taking in less money, and their states were in crisis, and the feds were in crisis. >> yes. >> did everybody hold fast during that time? could cities really invest in themselves? >> i don't think you could say that they invested in themselves. they were trenched. all you had to do was look at the statistics. cities laid off staff members, even public safety police and fire officials, housing departments were decimated. building inspectors went lots of services were contracted out. volunteers were recruited to clean up parks. cities continued to pay their debts. paying off municipal bonds, and they continued to do that. they had a difficult time. they struggled. they tried to be innovative. they tried to find public public-private partnerships, and partnerships with not-for-profit sectors. there was considerable innovation. cities are not out of the woods. they still have a ways to go despite your accurate report for the fiscal continue of the national league of cities. they're up turn in terms of revenues but their seven years of decline in revenues,
but with the recession they were taking in less money, and their states were in crisis, and the feds were in crisis. >> yes. >> did everybody hold fast during that time? could cities really invest in themselves? >> i don't think you could say that they invested in themselves. they were trenched. all you had to do was look at the statistics. cities laid off staff members, even public safety police and fire officials, housing departments were decimated. building inspectors went...
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Jan 21, 2014
01/14
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FBC
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we asked former fed governor wayne angell, he knows all about the fed. wayne's coming up. sandra: netflix set to report earnings after the bell tomorrow. the stock was the number one performer in the s&p 500 last year, up almost 300%. the time to buy or is this stock overvalued at these levels? 328 bucks a share, david. david: we have experts coming on or sell netflix ahead of the earnings? log on to facebook.com/afterthebell. your answers coming up. we'll be right back. ♪ [ male announcer ] what if a small company became big business overnight? ♪ like, really big... then expanded? ♪ or their new product tanked? ♪ or not? what if they embrace new technology instead? ♪ imagine a company's future with the future of trading. company profile. a research tool on thinkorswim. from td ameritrade. [ chicken caws ] [ male announcer ] when your favorite food starts a fight, fit back fast with tums. eartburn rief that neutrales acid on contact a gs to work in seconds. ♪ tum, tum tum tum tums! open to innovation. open to ambition. open to boldids. that's why n york has a n
we asked former fed governor wayne angell, he knows all about the fed. wayne's coming up. sandra: netflix set to report earnings after the bell tomorrow. the stock was the number one performer in the s&p 500 last year, up almost 300%. the time to buy or is this stock overvalued at these levels? 328 bucks a share, david. david: we have experts coming on or sell netflix ahead of the earnings? log on to facebook.com/afterthebell. your answers coming up. we'll be right back. ♪ [ male...
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Jan 16, 2014
01/14
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CNBC
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what tools would the fed have or what, better said, could be the most effective tool, if any, the fed had, if, indeed, we started to suffer from deflation rather than disinflation? >> well i mean the fed could up its purchases of assets out there in the economy. i mean, there's -- i guess you go back to the 2003 speech by ben bernanke which it could theoretically at least give everybody money. which is keep printing none get that inflation rate up. the theory, sue, is that the fed can pick the inflation rate but not the unemployment rate. so that's the theory, at least. one of the things going on right now, and abenomices hasn't preserven it either way yet. why can't the fed pick it at once? once 2% inflation. john williams, the san francisco fed president, asking the question, maybe we need have a somewhat higher inflation rate? we don't want to be near zero we want a bigger cushion we can't possibly glet. aim for a higher target. john williams saying, i am not touching that. the answer to that question, because the inflation target, he said, the electrical third rail of monetary pol
what tools would the fed have or what, better said, could be the most effective tool, if any, the fed had, if, indeed, we started to suffer from deflation rather than disinflation? >> well i mean the fed could up its purchases of assets out there in the economy. i mean, there's -- i guess you go back to the 2003 speech by ben bernanke which it could theoretically at least give everybody money. which is keep printing none get that inflation rate up. the theory, sue, is that the fed can...
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dollar and gold the purchasing power of the dollar has reduced by at least twenty three times since the fed came into being lovely but what about the next hundred years well if the recent rounds of quantitative easing are any sign of things to come then we're going to be seeing a lot more inflation and big private bankers getting richer while we all get poorer bad people generally don't survive one hundred years but bad systems sadly can go on and on and on forever but that's just my opinion. the. economic ups and downs in the final. days the something. the old sang night and the rest of that life until you meet a female baby it briefly come up a please please. play . play. play. play. play play. play i. why is the price of gold so high. demand global demand do you think oldest money. know the value of the only place we have to live of the water that we need to survive it's not compared to i mean gold we're not going to eat gold we're not going to bait. we're not going to drink what clearly is and is in a desperate economic situation absolutely right what we're wrong to do is say therefore
dollar and gold the purchasing power of the dollar has reduced by at least twenty three times since the fed came into being lovely but what about the next hundred years well if the recent rounds of quantitative easing are any sign of things to come then we're going to be seeing a lot more inflation and big private bankers getting richer while we all get poorer bad people generally don't survive one hundred years but bad systems sadly can go on and on and on forever but that's just my opinion....
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dollar and gold the purchasing power of the dollar has reduced by at least twenty three times since the fed came into being lovely but what about the next hundred years well if the recent rounds of quantitative easing are any sign of things to come then we're going to be seeing a lot more inflation and big private bankers getting richer while we all get poorer bad people generally don't survive one hundred years but bad systems sadly can go on and on and on forever but that's just my opinion. summer is coming to an end to the crew of the academic field of is waiting for the research station to come to winter everything has to be done quickly if the wind gets any stronger the helicopter will be able to take off and there's no other way of getting people onto the ship from the station they need to hurry when to begins tomorrow. used to be the soviet union's biggest antarctic research station. now it only works during the summer. in the southern hemisphere someone starts in december and ends in much it's now april so seasonal operations are over. geological samples are gathered during the summ
dollar and gold the purchasing power of the dollar has reduced by at least twenty three times since the fed came into being lovely but what about the next hundred years well if the recent rounds of quantitative easing are any sign of things to come then we're going to be seeing a lot more inflation and big private bankers getting richer while we all get poorer bad people generally don't survive one hundred years but bad systems sadly can go on and on and on forever but that's just my opinion....
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they are happy to be getting fed. we take a look at the view outside yesterday evening. i took this picture before sunset transforming the landscape into a winter wonderland. post your pictures to nbcwashington.com. this is a view overlooking one of the valleys there in frederick county. they picked up three inches or so there. look at the evergreens covered in the new snow. it was powdery too. and we have great photos from the viewers. overlooking the presbyterian centers. they are really pretty much drying out and wet and salted and sanded. temperatures are well below freezing. anything that looks wet, treat it like it might be icy. even with the temperatures, the salt has a tough time maintaining and keeping it melted. north eastern shore and the current wind gusts and they have been around 30 to 35. feels like 3 degrees. down the mall, and embracing the gusty winds and the cold temperatures. >> here with our weather station, you can see the temperature is 20 degrees. the winds add around 5 miles per hour, what that does is puts it down to the wind chill. i have to sa
they are happy to be getting fed. we take a look at the view outside yesterday evening. i took this picture before sunset transforming the landscape into a winter wonderland. post your pictures to nbcwashington.com. this is a view overlooking one of the valleys there in frederick county. they picked up three inches or so there. look at the evergreens covered in the new snow. it was powdery too. and we have great photos from the viewers. overlooking the presbyterian centers. they are really...
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Jan 27, 2014
01/14
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FOXNEWSW
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and feds are warning about a plane americans fly every year. >> good afternoon to you. police are trying to find any clues to explain this weekend's deadly shooting at a mall in maryland. so far they say the suspected gunman has them stumped. investigators released a picture of the suspect. they say he was loaded up with ammunition and homemade explosives when he opened fire with a shotgun in a mall in baltimore. witnesses describe a seen of panic, people scrambling into back rooms for cover. parents trying to calm crying kids in the end two victims died and the suspect, apparently according to authorities, killed himself. police say he never used the explosives. both victims worked in a skateboarding shop, and the suspect was a skater himself. we don't know if the suspect knew the victims. now police say they're turning to the suspect's journal for possible answers. let's get to doug mckelway who is outside the mall. what are we learning about the journal? >> reporter: not much. that's the bottom line here. they have said that in this journal the suspect, 19-year-old a
and feds are warning about a plane americans fly every year. >> good afternoon to you. police are trying to find any clues to explain this weekend's deadly shooting at a mall in maryland. so far they say the suspected gunman has them stumped. investigators released a picture of the suspect. they say he was loaded up with ammunition and homemade explosives when he opened fire with a shotgun in a mall in baltimore. witnesses describe a seen of panic, people scrambling into back rooms for...
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Jan 1, 2014
01/14
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ALJAZAM
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rising to the challenge of being the fed chair? >> the fed chairperson is one of the most powerful roles in the world. what the chairman and now chair woman says has potential to make huge influence around the world. there is certainly a learning curve for all medicin fed leade, including being able to go into congress, testifying, and answer tough questions. now that feds have press conferences she'll have to go before reporters and take questions publicly. i think she can hand it will, but it's a challenge for anyone who rises to that position. >> no doubt. big banks have only gotten bigger since the 2008 meltdown. how tough do you expect janet yellen to go on the big banks? >> that's a good question. there is hope that she'll be tougher than ben bernanke has been. but at the same time she has expressed optimism about reform including the go dodd-frank legislation. banks that are too big to fail that may pos pose a risk still l be too big. she may not face the possibility in her chairmanship, so at this point she'll see if these
rising to the challenge of being the fed chair? >> the fed chairperson is one of the most powerful roles in the world. what the chairman and now chair woman says has potential to make huge influence around the world. there is certainly a learning curve for all medicin fed leade, including being able to go into congress, testifying, and answer tough questions. now that feds have press conferences she'll have to go before reporters and take questions publicly. i think she can hand it will,...
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we heard from the san francisco fed president john williams. he's saying all of the tapering will be done by 2014. that is within this year, we will see the end of this extraordinary bond purchasing program of the fed. do you believe that? >> well, it depend on a lot how the economy and markets really react. david: to be fair, hold on a second, excuse me, just to be fair to john williams. >> sure, sure. david: he said the same thing. he said if the economy continues to improve, we'll see the end of the tapering for this year. go ahead. >> and i think that's exactly right. if we see a retracement on employment, if we see a big stock market correction, the markets have really liked this liquidity push and if we begin to extract that and the markets are not able to deal with that i think we'll see the fed stay in longer than expected. as long as things stay on current trend very possible we'll see that. if you look at personal consumption expenditures they're on a decline on annualized basis. retail sales decline on annualized basis. fixed investm
we heard from the san francisco fed president john williams. he's saying all of the tapering will be done by 2014. that is within this year, we will see the end of this extraordinary bond purchasing program of the fed. do you believe that? >> well, it depend on a lot how the economy and markets really react. david: to be fair, hold on a second, excuse me, just to be fair to john williams. >> sure, sure. david: he said the same thing. he said if the economy continues to improve,...
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dollar and gold the purchasing power of the dollar has reduced by at least twenty three times since the fed came into being lovely but what about the next hundred years well if the recent rounds of quantitative easing are any sign of things to come then we're going to be seeing a lot more inflation and big private bankers getting richer while we all get poorer bad people generally don't survive one hundred years but bad systems sadly can go on and on and on forever but that's just my opinion. the beginning of the. most in the face of life. enough temptation. to douglas last for six months. as the people. and it is easy to hide the rifle at school. because the other do so in a space of their new indigenous people but there are those who do choose this frozen place. this is could be. if you're in the conduct. cape town south africa the i can demick few other of diesel electric research vessels. with knowledge of these waters he still has to ship out into the atlantic and then returns to dock. this is the very last opportunity for several weeks to call home with. very soon all mobiles will be
dollar and gold the purchasing power of the dollar has reduced by at least twenty three times since the fed came into being lovely but what about the next hundred years well if the recent rounds of quantitative easing are any sign of things to come then we're going to be seeing a lot more inflation and big private bankers getting richer while we all get poorer bad people generally don't survive one hundred years but bad systems sadly can go on and on and on forever but that's just my opinion....
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dollar and gold the purchasing power of the dollar has reduced by at least twenty three times since the fed came into being lovely but what about the next hundred years well if the recent rounds of quantitative easing are any sign of things to come then we are going to be seeing a lot more inflation and big private bankers getting richer while we all get poorer bad people generally don't survive one hundred years but bad systems sadly can go on and on and on forever but that's just my opinion. why is the price of gold so high. demand global demand. gold is money. the value of the only plays we have to live of the water that we need to survive it's not compared to bill i mean gold we're not going to eat gold we're not going to bait with gold. we're not going to drink up what clearly what amal is and is in a desperate economic situation absolutely right what we're running to do is say they're for any kind of economic development from the outside is going to be a benefit their only purpose is to extract as much money as possible to feed into the global financial system. with me or a part of th
dollar and gold the purchasing power of the dollar has reduced by at least twenty three times since the fed came into being lovely but what about the next hundred years well if the recent rounds of quantitative easing are any sign of things to come then we are going to be seeing a lot more inflation and big private bankers getting richer while we all get poorer bad people generally don't survive one hundred years but bad systems sadly can go on and on and on forever but that's just my opinion....
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Jan 9, 2014
01/14
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BLOOMBERG
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clearly, the fed is in a shifting mode. as a result, equities will struggle when the liquidity environment starts to deteriorate, despite what i think will be an improved operating environment. >> that means you put your money where? >> i think you want to be overweight equities, at least relative to bonds. at the same time, there will be a market correction at some tont when investors start become concerned about the future fed policy. i think there will be a better entry point. while i will be overweight equities relative to bonds, i would have a higher than normal cash balance. normally, you want to be five percent. i might go to 10% or 20%. you might get a better entry point. >> i know you have got distinctive use on emerging onkets -- distinct views emerging markets. not all of them are the same. >> they do look cheap. index,ck emerging-market trading on a four-month low, it is the biggest valuation to the s&p 500 in roughly a decade. the biggest concern, it is the taper. you have already seen currencies in some of the
clearly, the fed is in a shifting mode. as a result, equities will struggle when the liquidity environment starts to deteriorate, despite what i think will be an improved operating environment. >> that means you put your money where? >> i think you want to be overweight equities, at least relative to bonds. at the same time, there will be a market correction at some tont when investors start become concerned about the future fed policy. i think there will be a better entry point....
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Jan 7, 2014
01/14
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MSNBCW
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eye 223
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the feds are still looking at him. this is not over by any means. this is the video that you just showed of his deposition is exclusive material we were table to obtain through a source we don't even know who it was. it was given to us on a dead drop. i give credit to my co-producer who being so persistent in getting it. he's grumpy here. >> one of the things that you also highlight is the fact that the feds are getting far more aggressive in going after insider trading and using some techniques they traditionally only used to go after the mafia. >> in years past they had a hands off policy of not wiretapping wall street figures. when they started looking into the kind of insider trading and realized how much corruption was out there in the words of one of the fbi agents that we interviewed, we needed a bigger boat, quoting "jaws" and to go after that they needed more tools and convinced a judge to give them the right to wiretap. that became the principle tool that allowed them to go as far as they have been. >> martin smith, a fascinating episode.
the feds are still looking at him. this is not over by any means. this is the video that you just showed of his deposition is exclusive material we were table to obtain through a source we don't even know who it was. it was given to us on a dead drop. i give credit to my co-producer who being so persistent in getting it. he's grumpy here. >> one of the things that you also highlight is the fact that the feds are getting far more aggressive in going after insider trading and using some...
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dollar and gold the purchasing power of the dollar has reduced by at least twenty three times since the fed came into being lovely but what about the next hundred years well if the recent rounds of quantitative easing are any sign of things to come then we're going to be seeing a lot more inflation and big private bankers getting richer while we all get poorer bad people generally don't survive one hundred years but bad systems sadly can go on and on and on forever but that's just my opinion. cape town south africa i could to make sure that if diesel electric were such vessels the sport p'ssihoyos the flag to show the ream pilot is aboard an officer with unrivaled. knowledge of these waters he steals the ship out into the atlantic and then returns to dock. this is the very last opportunity for several weeks to call home with a cell phone very soon will be far out of range the ship is setting sail for a vast and inaccessible area if there's any kind of emergency no one to provide any kind of help. the russian ships. to the land of eternal ice and snow to antarctica. the first officer will no
dollar and gold the purchasing power of the dollar has reduced by at least twenty three times since the fed came into being lovely but what about the next hundred years well if the recent rounds of quantitative easing are any sign of things to come then we're going to be seeing a lot more inflation and big private bankers getting richer while we all get poorer bad people generally don't survive one hundred years but bad systems sadly can go on and on and on forever but that's just my opinion....
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Jan 10, 2014
01/14
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BLOOMBERG
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louis fed talking about the economy later. that is what is driving this market. >> everyone stops trading until a breath., 8:30, take everybody wants to see whether the momentum continues. it is not that we are 00 iserating, 197,0 forecast. the unemployment rate will be interesting. the labor department releasing revisions to the last five years. they could move it around a little bit. it is possible we could go below 7%. just on a revisions basis. street into aall tizzy, able take a while for people to absorb that. >> we are all above the consensus, we think what happened in december will play in january. we are talking about after five years having the best five-year pattern of jobs since the recession. this is north of 2 million for this year, possibly. rate aside, what is really interesting is the average hour workweek is pure a session. we have taken the slack out of the system and we have got to start hiring. >> does the street care about the jobs number? at 8:30, everybody is cheering, betting, is it really affecting wh
louis fed talking about the economy later. that is what is driving this market. >> everyone stops trading until a breath., 8:30, take everybody wants to see whether the momentum continues. it is not that we are 00 iserating, 197,0 forecast. the unemployment rate will be interesting. the labor department releasing revisions to the last five years. they could move it around a little bit. it is possible we could go below 7%. just on a revisions basis. street into aall tizzy, able take a...
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Jan 13, 2014
01/14
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CSPAN2
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i've never met a mother whose children are well fed who's on food stamps. and on top of this economic hardship, a lot of these families, it's a loss of confidence, a loss of dignity. and that's all the motivation they need to work as hard as they can to find a new job and to regain that stability that the family so desperately needs. that's what the 1.3 million americans are fighting for, a job, and opportunity to work. and this is -- this assistance is meant for them as their safety net. so when politicians callously attack those -- they are not attacking the nameless and faceless. they are attacking our kids, our seniors, our veterans who have given so much. i think we need to do much better. it's not who we are as americans. we are all in this together and we have to create the federal policies that reflect those core values. now, i know we will hear a lot of politicians finding compassion and over the months ahead. but when you look at their policy, they fall short of those words. we see policies that trade off cutting food assistance to families that n
i've never met a mother whose children are well fed who's on food stamps. and on top of this economic hardship, a lot of these families, it's a loss of confidence, a loss of dignity. and that's all the motivation they need to work as hard as they can to find a new job and to regain that stability that the family so desperately needs. that's what the 1.3 million americans are fighting for, a job, and opportunity to work. and this is -- this assistance is meant for them as their safety net. so...
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Jan 8, 2014
01/14
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FOXNEWSW
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the feds are probably debriefing this guy we haven't had access, after watching that, my god, i don't think you have enough money. there's not enough psychologists on the payroll to debrief this guy. >> i think chris cuomo, he could have pushed that interview any further, would have said point blank to dennis rodman, he fed his uncle to dogs, you're calling this person your friend and you're actually saying we should have relations with him. then again, why are we holding him to a high morality right now. dennis rodman, years ago wore a wedding dress. and he -- >> it's got to be money motivating something here. >> there's something -- >> so tim tebow i think should be playing the nfl. why are you looking at me like that, i think he's been punished because of his christian beliefs. you don't think so? >> he's awesome, number one, he's such a great role model in sports. and looking at so many of these guys, they're drinking and being nutty. >> if you had been involved in dogfighting. >> if he were a good quarterback, right? >> not for new york he wasn't. >> in new york, yes, he threw fo
the feds are probably debriefing this guy we haven't had access, after watching that, my god, i don't think you have enough money. there's not enough psychologists on the payroll to debrief this guy. >> i think chris cuomo, he could have pushed that interview any further, would have said point blank to dennis rodman, he fed his uncle to dogs, you're calling this person your friend and you're actually saying we should have relations with him. then again, why are we holding him to a high...
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Jan 10, 2014
01/14
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BLOOMBERG
tv
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what does this actually mean for the fed? >> first, they told us the unemployment rate, 6.7%, does not capture the extent of labor market issues. second, they reminded us to look also at the price data. look at the inflation data, which is still too low. do not assess about unemployment numbers, third. they reminded us that there are other issues that are financial soundness. put all this together, this number does not change the expectation that they will continue to taper and exit qe by the end of 2014. it does suggest you will not see a way titles my 16 -- a wage hike until 2016. >> the white house is ready with an announcement. the president will nominate stanley fischer, former governor of the bank of israel, as well to the federald, reserve board. also, read nominating jerome powell to continue serving on the board of governors of the federal reserve. >> people were expecting these, but now chairman to the yellen has have people in place. good luck. the scandal that could ruin chris christie or help. we will hear both s
what does this actually mean for the fed? >> first, they told us the unemployment rate, 6.7%, does not capture the extent of labor market issues. second, they reminded us to look also at the price data. look at the inflation data, which is still too low. do not assess about unemployment numbers, third. they reminded us that there are other issues that are financial soundness. put all this together, this number does not change the expectation that they will continue to taper and exit qe by...
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Jan 10, 2014
01/14
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BLOOMBERG
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the fed cannot do anything about it. if they could figure out how to make this age less we would be in great shape. -- i want to ask, if we extend unemployment benefits, if we continue to extend unemployment benefits out a year, year and a half, two years, is that good or is that bad for the unemployment rate for job creation, for nonfarm payrolls? >> the argument there is if you are per -- a proponent of extending benefits it keeps those marginally attached in the labor market. they do not have to accept lower positions. y stay in the labor force. >> you get rid of those benefits and you have those workers to get jobs but you have some of those workers that drop out of the labor market altogether. you might end up seeing large fluctuations in the and of limited rate that are unexpected. the fed is dealing with the conundrum. their rate policy guidance to the unemployed rate. and general labor market conditions. they backed off of that threshold because the unemployment rate is falling. >> very fast. >> i had the inner -
the fed cannot do anything about it. if they could figure out how to make this age less we would be in great shape. -- i want to ask, if we extend unemployment benefits, if we continue to extend unemployment benefits out a year, year and a half, two years, is that good or is that bad for the unemployment rate for job creation, for nonfarm payrolls? >> the argument there is if you are per -- a proponent of extending benefits it keeps those marginally attached in the labor market. they do...
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Jan 2, 2014
01/14
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BLOOMBERG
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the timing of the fed to taper their was good timing. up, what we are going to be worried about is will the fed have to move up its timeline to pull back tapering more and maybe even hike rates. no one is even to death thinking --ut that but come 2015, >> ben bernanke did say in his last conference that we will the 6.5%s lower than threshold on unemployment. if we start to connect the dots does the unemployment accelerate, if employment accelerates, so unemployment might theer to six, fed raise rates sooner? >> i do not think in 2014 that is even on the cards. going into 2015, we will have to talk about that. gdp, we have had three quarters in this recovery where gdp grew faster than the average for that point in recovery. two of them were in the last three quarters. six months ago, known was talking about the growth picking up. people were still worried about it erie it the fed may say this and economists may say that. often times, we find ourselves looking and the expectations do not normally pan out. >> we tend to see rates move highe
the timing of the fed to taper their was good timing. up, what we are going to be worried about is will the fed have to move up its timeline to pull back tapering more and maybe even hike rates. no one is even to death thinking --ut that but come 2015, >> ben bernanke did say in his last conference that we will the 6.5%s lower than threshold on unemployment. if we start to connect the dots does the unemployment accelerate, if employment accelerates, so unemployment might theer to six, fed...